Myverdict GURMEET SINGH KULAR

Expectations Outcome

The credit-linked cash subsidy scheme needs to be started again in which industrialists got capital subsidy of a maximum of ₹15 lakh for purchasing new machinery to upgrade their units. There should be a technology upgradation fund for the MSME sector. Income tax rates on MSMES should be reduced like it was done for corporate houses.

Allocation of ₹15,700 crore is far too less than expected and we have also not got the credit-linked cash subsidy as demanded by us. The MSMES generate maximum employment after agriculture. Even if the budget allocation for MSMES is increased 10 times from the current amount, it is not sufficient. The allocation is still very little, and the sector stands ignored.